JM Financial Limited has announced the latest status of the open offer for Aadhar Housing Finance Limited, revealing significant investor participation in the ongoing acquisition process. The disclosure, made on February 13, 2026, provides crucial details about the equity shares tendered under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations.

Open Offer Details and Participation

The open offer is being conducted by BCP Asia II Holdco VII Pte. Ltd. as the primary acquirer, working in concert with Blackstone Capital Partners (CYM) IX AIV - F L.P. and Blackstone Capital Partners Asia II L.P. The offer targets fully paid-up equity shares with a face value of ₹ 10 each of Aadhar Housing Finance Limited.

Escrow Account Management

The tendered equity shares are being held in a designated escrow demat account titled "MIIPL AADHAR HOUSING FINANCE OPEN OFFER ESCROW DEMAT ACCOUNT." This account is maintained with Ventura Securities Limited, which serves as the depository participant with identification number IN303116 and client identification number 15663312.

Validation and Acceptance Process

JM Financial has clarified that the disclosed figures represent equity shares in dematerialized form as reported by Ventura Securities Limited. However, these tendered shares remain subject to comprehensive validation and verification processes. The company emphasized that all submissions must include complete documentation sets as applicable under the regulatory framework.

The final acceptance of shares will be conducted in accordance with SEBI (SAST) Regulations and the Letter of Offer dated January 24, 2026. JM Financial noted that the number of validly tendered shares may ultimately differ from the number of shares that the acquirer will accept in the open offer.

Regulatory Framework

The open offer is being conducted under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and subsequent amendments. This regulatory framework ensures transparency and fair treatment of all shareholders during the acquisition process. The disclosure was signed by Nikhil Panjwani, Executive Director of JM Financial Limited, in his capacity as an authorized signatory for the transaction.

Aadhar Housing Finance Limited has successfully completed timely interest and principal payments on its Non-Convertible Debentures (NCDs), demonstrating strong financial discipline and regulatory compliance. The company made the payments on February 3, 2026, as per the scheduled due date, fulfilling its obligations under SEBI regulations.

Interest Payment Details

The company completed its quarterly interest payment obligations on the NCDs with precision and timeliness. The payment was made post-deduction of Tax Deducted at Source (TDS) at 10.00%, reflecting compliance with income tax regulations.

The interest payments were made after deducting TDS amounting to Rs. 13.13 lakh, pursuant to the omission of clause (ix) under section 193 of the Income Tax Act, 1961.

Principal Redemption Execution

Alongside the interest payment, Aadhar Housing Finance executed a partial redemption of the principal amount by face value. This strategic redemption reduces the outstanding debt burden while maintaining the company's commitment to timely debt servicing.

Regulatory Compliance

The company has certified its compliance under Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular dated July 11, 2025. This certification confirms that all payments were made on the due date without any delays or defaults.

Key compliance highlights include:

• Timely submission of payment certificates to BSE Limited
• Proper notification to Beacon Trusteeship Limited and depositories (NSDL/CDSL)
• Adherence to quarterly payment frequency as originally structured
• Maintenance of accurate payment records and documentation

The successful completion of these payments reinforces Aadhar Housing Finance's commitment to meeting its debt obligations and maintaining investor confidence in its financial management capabilities.